For many Kenyans living abroad, investing back home is both a dream and a gamble. Stories abound of hardworking expatriates sending their life savings back home only to return and find a non-existent investment. Yet, despite these concerns, the government is aggressively courting diaspora funds by encouraging Kenyans abroad to invest back home. With this, the government also hopes to get a significant slice of the pie through a planned diaspora bond, which aims to raise $500 million (Sh64.75 billion) by 2026. Kenya’s diaspora community is a formidable economic force. Last year alone, they sent home $4.94 billion (Sh640.75 billion),…
Author: By Wangai Maina
Miniature model house standing on a stack of coins. (Courtesy/GettyImages) For many Kenyans living abroad, investing back home is both a dream and a gamble. Stories abound of hardworking expatriates sending their life savings back home only to return and find a non-existent investment. Yet, despite these concerns, the government is aggressively courting diaspora funds by encouraging Kenyans abroad to invest back home. With this, the government also hopes to get a significant slice of the pie through a planned diaspora bond, which aims to raise $500 million (Sh64.75 billion) by 2026. Kenya’s diaspora community is a formidable economic force.…